The hedge fund solutions group was formed in November 2006 to co-ordinate Dresdner’s offering to hedge fund clients across different asset classes. Newson said Morelli’s hiring completes the group’s lineup in equities. However, the group expects to double in size to 100 staff over the next three years, and this will include senior hires in equity derivatives and structured credit.
Morelli comes from Citigroup, where he worked in European equity sales. At Dresdner, he will work alongside Chris Baildon, who was appointed head of equity distribution to US hedge funds based in New York last week, and Martin Coughlan, head of hedge fund sales trading for equities into Europe. He will be based in London and report to Richard Price, head of equity sales, and Martin Newson, head of the bank’s hedge fund solutions group.